Board of Governors of the Federal Reserve System

POLICY ACTIONS FEDERAL OPEN MARKET COMMITTEE 31 The record of policy actions...policy directive adopted. Set forth below is the policy directive of the

policy calling for any lesser degree of monetary ease. June 21, 1962 Authority

policy calling for any lesser degree of monetary ease. June 21, 1962 Authority...policy. The consensus, how ever, was for continuation of the degree of

policy takes into account, on the one hand, the gradualness of recent ...policy. Recent policy, therefore, implicitly denied the need for the money

policy directive issued to the Federal Reserve Bank of New York was as...policy for the next 3 weeks. This policy contemplated that reserves needed

policy seemed called for on that account. Economic and financial tendencies...policy at this meeting, although the Committee should be prepared to deal

policy at this meeting, although the Committee should be prepared to deal...policy decision was to maintain the status quo at this time, the wording

policy of slightly less ease. A smaller number of members, influenced ...policy adopted at the November 13 meeting. The wording of the current

policy of slightly less ease. A smaller number of members, influenced ...policy adopted at the November 13 meeting. The wording of the current

policy of slightly reduced reserve availability adopted at the December...policy directive adopted at the preceding meeting (December 18, 1962),